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the first step in assigning the cost of an acquired company is to determine the fair values of all identifiable assets and liabilities. According to

the first step in assigning the cost of an acquired company is to determine the fair values of all identifiable assets and liabilities. According to FASB Statement 141, the current replacement costs are considered the fair values for which of the following: a. both raw materials and finished goods inventories. b. plant and equipment and finished goods inventories. c. plant and equipment and raw materials inventories. d. land and plant and equipment

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